President Obama, accusing the Romney-Ryan ticket of wanting to end Medicare.

(President Obama) “That means seniors would no longer have the guarantee of Medicare. They’d get a voucher to buy private insurance.”

That was part of the Republican budget, crafted by Ryan, to curb costs – though it doesn’t apply to anyone older than 55. The Romney campaign, in a new ad, pointing out the President also wants to cut more than $700 billion from Medicare.

(Romney Ad) “Why? To pay for Obamacare. So now the money you paid for your guaranteed health care is going to a massive, new government program.”

The Obama campaign, arguing those cuts target providers, not patients.